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SteveO

08/26/02 5:42 PM

#19569 RE: Zeev Hed #19566

Great article but I do not understand how it answers George's question.

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jrintl

08/26/02 5:58 PM

#19573 RE: Zeev Hed #19566

You got any up coming at the open tomorrow?

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zigi

08/26/02 7:23 PM

#19594 RE: Zeev Hed #19566

So I better sell everything then
If soros says so!
He is a has been,does not carry any weight in the markets anymore
So,zeev,is this why you are still hoping for 1260
Maybe we will get it after oct and I am sure you will tell us
there you are...was I not right and am I not an amazing superhuman we fell to 1260 after rising to 1630

I am laughing aloud here
Thank you turnips for the entertainment

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brightness

08/26/02 8:51 PM

#19605 RE: Zeev Hed #19566

Zeev, am I correct in assuming that by citing Soro's theory on "reflexitivilty," i.e. perception alters reality, you are coming to my view that the very popularity of your pronouncements are preventing them from becoming true? that is, too many traders anticipating the move, hence it can not come to fruition.

Regarding Soro's article, I think, for someone who narrowly escaped the Nazi horror and then Commuist fiasco, George is remiss in not recognizing that a market exists regardless whether the currency is dollar, peso, diamond, cigarette, or the sheer power over another individual. Market still existed even though "money" was nearly meaningless during the final collapse of Nazi Europe and much of the Communist rule: just like Enron bosses could trawl the strip clubs with ten thousand dolalr cash, the Soviet party boss in Ukraine was in a wine-filled tub with pretty girls on the eve of Nazi invasion, and may I add, not long after millions of Ukranian farmers died of famine.

There has been "residue value" to a human being's production ever since we stopped routinely slaughter all prisoners of wars, some time between the Neolithics and the Bronze Age; market has existed ever since then to allocate and re-allocate such "residue value." For much of the time, sheer power was the currency of trade; after all, a currency is nothing more than the power to induce someone to perform a particular service; what's more straight forward than draft able-bodied men and women in the name of the Emperor or State or whatever.

In comparison to a market that trades on the currency of government fiat power and regulations, the capitalist market has a much more diversified dicision-making process and much more robust feed-back mechanism; hence far less prone to monopoly, or in other words, Stalinistic power consolidation.